NOTICE OF CHANGES IN OWNERSHIP IN COMPLIANCE WITH ARTICEL 10 OF SECTION 2 OF THE MARKET ACTS

Ilmarinen Mutual Pension Insurance Company (register number 162.625) has informed that its share of Nokian Tyres' share capital and voting rights has fell below one-twentieth as a result of a share transaction made August 19, 2003.

Ilmarinen Mutual Pension Insurance Company is now holding a total of 520.500 Nokian Tyres' shares and 4.88% of the share capital and voting rights.

Nokian Tyres has a total of 10.655.516 shares and 10.655.516 voting rights.